BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains neutral on HDFC
HDFC's reported net profit of Rs 1,605 crore is lower than expactation despite higher dividend income. Net interest margin fell 10-13 basis points due to asset mix change. HDFC's current valuation at 4.1 times FY2017 book value and 17.5 times FY17 estimated earnings per share is at higher end of HDFC's historical trading band.